In this 30-minute explainer video, Lyn Alden takes a step back through history and looks into the intricacies of money and banking, offering an answer to an overlooked but extremely important question: What is money?
This video takes core ideas from Lyn’s recent book “Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better” and distills them into an easy to consume format.
So, what if we fixed these assumptions and provided a more realistic view of how people save over time? Rather than theorize about whether the typical person could become a millionaire with a fixed saving amount and constant investment returns, why don’t we use historical data to see what could’ve actually happened instead?
A short rant about simple rules of how to be good with money.
The perceived level of danger that comes with these risks often leads to fear. This fear in turn leads to phenomena like the famous ‘one-more-year syndrome’.